Question

In 1992, Jason bought a gallon of gas for $1.20. Yesterday, he bought a gallon of gas for $2.24. What is the percentage increase of the price of a gallon of gas from 1992 to yesterday? If necessary, round to the nearest tenth of a percent.

Answer 1

Answer: 86.7%

Explanation:

`(New - Original)/(Original)`

`(\$2.24 - \$1.20)/(\$1.20)`

=
`(\$1.04)/(\$1.20)`

= 0.867

= 86.7%